I just don't see how the issue is resolved without a lot of pain.
On one hand you prop up the balance sheets, but that still doesn't fix the actual issue of what to do with the physical oil?
I could see oil prices going negative for an extended time.
Google USO ETF and the impact its having on oil. How it digs itself out of its hole is anyone's guess. Traders know when they are trying to unwind their future positions. Its a disaster, they own a material amount of the futures contracts.
- Forums
- International Markets
- SP500
- BBUS
BBUS, page-2407
-
-
- There are more pages in this discussion • 12,055 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP500 (INDEXSP) to my watchlist
|
|||||
Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
2,958.8 | 0.00 | 0.00 |
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online